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Argo Blockchain ensures a $40 million deal
Argo Blockchain, a Bitcoin mining company, has announced the signing of a $40 million convertible loan agreement. The initial funding amount is $15 million, and the remaining $25 million will be completed over the next 18 months. Three multinational organizations, whose identities have not been disclosed, have participated in this investment and will join Argo's board of directors.
Argo will use this new capital to expand its mining operations in Baie Comeau. Furthermore, the company also plans to improve its balance sheet. Additionally, Argo is expanding its strategy by executing a series of potential mergers and acquisitions.
This information is for market information purposes only and does not constitute investment advice.
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